International Marketing Middle East Edition Cateora-Test Bank

Test Bank For International Marketing Middle East Edition Cateora

Chapter 02

The Dynamic Surroundings of International Commerce

True / False Questions
1.

After World Warfare II, the U.S. offered help to different nations to develop their markets and enhance international commerce although it gained no returns on these initiatives.

True False

2.

The GATT turned a part of the World Commerce Group in 1995, with the ratification of the Uruguay Spherical agreements.

True False

3.

As a part of the worldwide financial progress and rebuilding after World Warfare II, nations as soon as categorised as much less developed have been reclassified as underdeveloped nations.

True False

4.

By the yr 1971, the USA was promoting extra to different nations than it purchased from them; that’s, the USA had a good steadiness of commerce.

True False

5.

The Group for Financial Cooperation and Growth (OECD) has estimated that the economies of the developed world will increase at a lot sooner charges when in comparison with the growing economies.

True False

6.

A nation’s balance-of-payments assertion information all monetary transactions between its residents and people of the remainder of the world throughout a given time frame.

True False

7.

In a balance-of-payments report, if the credit score and debit offset one another, it implies that a nation is in significantly good monetary situation.

True False

8.

The reserves account is a report of direct funding, portfolio funding, and short-term capital actions to and from nations.

True False

9.

Because the U.S. commerce deficit has grown, pressures have begun to push the worth of the greenback to larger ranges.

True False

10.

Safety of an toddler trade is acknowledged by economists as a legitimate argument in favor of protectionism.

True False

11.

A case could be made for momentary safety of markets with extra productive capability or extra labor when such safety may facilitate an orderly transition.

True False

12.

To encourage growth of home industries, governments work on decreasing commerce limitations.

True False

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